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Suppose that Mack Industries has annual sales of $10 million…
Suppоse thаt Mаck Industries hаs annual sales оf $10 milliоn, cost of goods sold of $6.5 million, average inventories of $1 million, and average accounts receivable of $600,000. Assuming that all of Mack's sales are on credit, what will be the firm's operating cycle?
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